Each Way Extra Explained

An extra place offer means a bookmaker is paying out on more finishing positions than the standard each way terms for that race.

For example, a handicap with 16 or more runners would normally pay 4 places. If a bookmaker advertises 5 places or 6 places, that is an extra place concession.

These offers are especially common at big meetings such as Cheltenham, Aintree and Royal Ascot, where bookmakers compete aggressively for punters.

Extra places can be useful, but they are not always as generous as they first appear. Sometimes the bookmaker offering the extra place will also be offering a slightly shorter win price.

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Extra places are most useful when:

• you fancy a horse to run well without necessarily winning
• the horse is a solid each way type in a big-field handicap
• the extra place increases your edge more than the reduced price hurts it
• you are backing bigger-priced runners likely to be ridden for a place as well as the win

They are less useful when the bookmaker cuts the price too aggressively. If one firm offers 6 places at 10/1 but another offers 4 places at 14/1, the bigger win price may still be the better bet depending on the horse and race shape.

That is why extra place betting should be treated as a value calculation, not an automatic decision.